FTC Follows Through On Express Scripts Query

Law360, New York (March 12, 2007, 12:00 AM EDT) -- As previously feared, the Federal Trade Commission has issued a second request for information to Express Scripts, concerned over the antitrust implications of the pharmacy benefit manager’s hostile bid for rival Caremark.

The FTC has just signaled its intention to dig deeper into the proposed offer for Caremark, potentially delivering a fatal blow to Express Scripts’ takeover attempt.

Caremark’s board chose to throw its support behind CVS’ sweetened bid last week amid worries that Express Scripts’ proposal would likely trigger a second information request from the...